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with the election? very latest from the campaign trail. melissa: and we want to get you up to speed on the very latest on the storm aftermath. frustration is mounting. residents are outraged saying they have been ignored while aid goes to other parts of new york and new jersey, the desperation really mounting and the national guard is on the ground finally in staten island surveying the damage. lori: look at these long lines, people waiting for gasoline. new reports that people are siphoning fuel and even just giving up leaving their cars at the stations. melissa: hundreds of homes have been destroyed but the city is still planning to run the annual marathon. that kicks off on sunday. lori: we're waiting for comments from new york city mayor michael bloomberg expected to speak momentarily. the mayor is beating to speak, let's listen. >> an update on the city's recovery from sandy as of this moment. i went to some of the areas in south brooklyn hit hardest by the storm. i did talk to some homeowners, went inside some of their houses and some had been severely damaged by sandy. the homeowners are
: president obama said it for the floor before the election. chris christie be just the ticket to boost president obama in the polls, we will ask lou dobbs. ashley: let's get to nicole petallides on the floor of the nyse. she is back in action. nicole: we are back in action. the boards of the nyse open and most folks made it here in some form. a smooth opening, some down arrows across the board for the most part but after two days of no trading we are back in action. most of the dow components have down arrows and focus duncan neiderauer, the ceo of the stock exchange, i asked him if they could open monday or tuesday and fear is what he had to say. >> we certainly could have operated electronically. what the industry told us sunday was please don't open electronically because we have to put a lot of our people in harm's way so let's not do that. i wish the industry and we came to decision sunday, we all made the right decision. it would have been irresponsible and dangerous to be open monday and tuesday. nicole: we will follow opening the reopening of the stock exchange. that headline o
focusing on canceling events. one week to go until the election day. connell: we have an update coming up shortly from governor andrew coumo of new york. the national hurricane center releasing the latest update on hurricane sandy. dagen: we are with our chief forecaster from weather.com. the storm is working its way in. reporter: is weakening pretty quickly. but it is really following apart fast. the next 24 to 36 hours, the major weather event from this is falling snow. now we have to deal with the cleanup operation. sandy is a storm that is long overdue. we have been overdue on the eastern seaboard, because we are in a cycle that the east coast should get hit. again, i have been stressing this. people that follow me over the years know that i have always wondered why we have never seen a storm that comes between bermuda into the mid-atlantic states. if you look at other areas, you have seen storms turn that way out there. so if you want to look at the storm as far as historic perspective goes, the lowest pressure on tremper metric pressure we have ever had. secondly, the storm surge is
will take charge after the election. melissa: time for stocks, let's go to the floor of the new york stock exchange, nicole petallides standing by. stocks are in rally mode. nicole: it is interesting following the market after this historic reopening of the new york stock exchange yesterday we saw stocks mixed and virtually flat. today a nice rally underway by lots of aftermath and recovery after sandy. taking a look at these charts for you. seeing up arrows, the dow up 120 points, the s&p up nearly 1%, the tech heavy nasdaq up one and a quarter percent. you can look over a period of a month, the month of october we actually snapped a four month winning streak. october was a losing month on wall street butt kicking off november we're starting with up arrows across the board with names like home depot. everybody getting supplies to clean up after the hurricane, is a leader. lori: investors are loving the bullish economic data. better-than-expected jobs growth within u.s. companies adding more than 158,000 jobs last month. initial jobless claims dropped 363,000 last week better th
the presidential election on tuesday. unemployment rising to 7.9% in october. joining us now scott minor, chief investment officer at guggenheim partners. what will make the job market pick up steam from here? isn't this lackluster growth that we will see in the months and maybe years? >> the hole that we are coming out of is buried deep. job growth is actually very good relative to prior expansions. the problem is it is not enough to make up for the site of the hole that we dug in the crisis. going forward, you know, actually, i hate to focus on sandy, but sandy probably will be good for job growth and economic activity. i think we will continue to see this trend of improving job growth in the months ahead. dagen: we talk about the rebuilding and construction work that go on after a storm like this. if you look at sandy right now and the aftermath and the fact you have the most populated area in the entire country, large swaths of it completely shut down, won't that show up in the growth figures negatively? >> you bring up a good question. i think it will distort the numbers for a number of mo
. melissa: one week until election day how will the northeast impact boating? neil cavuto will join us later in the hour. breaking news. hurricane sandy. you want to tell us where we are going? let's go to robert gray who is standing by in new york with more on this. robert: thanks very much. fluid situation out here, but we grab colonel paul owen with the u.s. army corps of engineers. thanks for joining us on fox business. talked to was a little bit about the situation. you are surveying lower manhattan and had a look around more of the city before we grab you here. how is the situation after the storm last night? >> doing remarkably well dues to the city prepared this and the state preparedness. they have done a great job building the infrastructure in order to withstand that tremendous storm we had last night. a historical storm. robert: you have been around a lot of these storms. how does this compare with the larger stores? >> the biggest one i have seen. i am new to this area. i don't think anyone has seen water lapping into battery park like a was last night and i had a chance to obse
this all mean for next tuesday's presidential election? connell: we will talk about that and then he is the focus of debate with millions out of power. what needs to be done to keep people out of the dark in the future? dagen: it is the top of the hour right now. stocks now and every 15 minutes. something we have not been able to save for the last two days. last time the stock exchange was closed for two days for a storm, 1888. nicole petallides doesn't remember that day. nicole: our great-grandparent's when the new york stock exchange was closed for two days because of the weather and here we are for monumental opening. we are back in action. everything opened very smoothly, 90% of traders seem to be here. many are telling their stories of no power, trees falling. many of them are unshaven as well but they are heros one way or another near the opening, and there are some issues that still remain for some individual brokers. not stocks that you follow but individual brokers. we do not have cellphones service and landlines are few and far between. trying to call somebody from here see
canceling appearances because of the storm. the impact it will have on the election that is just eight days away. good morning, everybody. we continue to track hurricane sandy. 90-mile per hour sustained winds. the storm still a category one, but it is so much more. connell: job astarte is all over it. it is so much more. you have been on it from the beginning. >> one of the things i have been advocating over the years is the power rating. if you do not find the real high winds and one small area, like we see in some of the storms like charlie, remember charlie, it will spread out, it will be a larger area of very strong wind and you will get the same net result as it hits land. what we have been saying at whether bell is when it took the turn to the northwest, we have been on this for the last five or six days i actually believe it is a bit stronger than what the hurricane center is saying. south of montauk, there have been wind gusts of 130 miles per hour. that would be close to what that barometric pressure is. that is now down as low as we have ever seen it. this is an extremely serious
numbers just days before elections. we sort it all out for you. connell: stocks now with the cult of -- nicole petallides. nicole: so far, so good. day two of trading after hurricane sandy hits the eastern seaboard. names like home depot and lowe's have been doing well on the heels of everybody rushing to get things to clean up after the hurricane hit. also, there was separation as well. the immediate impact of sandy is quite significant, trucking volumes and that will take time for a to get back to normal. the more people over the last year or so. hell shire posted solid topline during the latest quarter. connell: it was an absolute commuting nightmare. take a look at the gas lines. this is similar in many areas. miles long. people waiting for hours following hurricane sandy to fill up their car. let's bring in tom kloza. >> this is all about the power. once the power comes back, people will get their fuel. connell: it is not as if in a normal situation we would have any supply issues. you definitely have a lot of demand for gasoline. power is a big-time issue. does it have any i
: the massive storm also hitting the nation's capital and if the campaign trail with the election day just over a week away. melissa: hurricane sandy pounding the east coast. we have rubber great and jeff flock covering this. >> we have emergency officials from the fire department telling people to leave. it is in evacuation zone after all. obviously, it is closed today. sandbags outside. lots of tourist there incidentally taking pictures. getting a little more than they bargained for with their trip to new york. there are a few shops open. down here in battery park, you cannot even find a starbucks or mcdonald's that is open much less one of the local dailies. they are all closed up. it will be a large impact. i heard from the president of bliss at the spot, i am sure you know it well, melissa, it is really unfortunate that they had to close. this things always seem to happen at the end of the month. what would they rather do than go to the spa, but unfortunately, he could not get his workers in. so many of these places are closing down, including the restaurant we are standing in the backyard
Search Results 0 to 9 of about 10